Investors will also be focused on further clues on the US monetary policy outlook when Federal Reserve Chairman Jerome Powell participates in a virtual event, due at 1730 GMT.
"Heightened inflation expectations due to the US fiscal stimulus package have seen gold pick up as an inflation hedge," said Howie Lee, an economist at OCBC Bank.
A break above the $1,892 area with support from a dovish U.S Federal Reserve and a weaker dollar could signal further upside with resistance at $1,910 ahead, Yang said.